Bond yields traded higher on Monday even after Crisil in its latest report has said that India’s gross domestic product (GDP) growth is likely to slow to 6.8 per cent this financial year 2024-25 (FY25), with the country logging disappointing growth in the July-September quarter.
In the global market, The 10-year Treasury yield retreated to a new low going back to late October on Friday amid a shortened trading day for U.S. markets following the Thanksgiving holiday. Furthermore, oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts.
Back home, the yields on new 10 year Government Stock were trading 8 basis points higher at 6.83% from its previous close of 6.75% on Friday.
The benchmark five-year interest rates were trading 4 basis points higher at 6.74% from its previous close of 6.70% on Friday.
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